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Question 60

In a situation where a professional accountant needs to choose in whose interest he or she is to behave and act, which of the following interests should he or she put first?

Options:

A.

Employer's interest

B.

Client's interest

C.

CIMA's interest

D.

Public interest

Question 61

Which of the following groups is a financial as opposed to a non-financial stakeholder of a company?

Options:

A.

Journalists

B.

Local charities

C.

Employees

D.

Competitors

Question 62

Which of the following is incorrect in relation to the remedy of damages?

Options:

A.

A contract breaker is liable for losses which arise naturally from the breach.

B.

A contract breaker is liable for special losses which are within his contemplation.

C.

Damages will not normally be awarded for the distress caused to the innocent party by the breach.

D.

Damages are designed to compensate the innocent party and to punish the contract breaker.    

Question 63

Which of the following is the main legislature within the European Union?

Options:

A.

The Council of the European Union

B.

The European Parliament

C.

The European Court of Justice

D.

The European Commission

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Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Dec 30, 2024
Questions: 661
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